KeyBanc analyst Justin Patterson raised the firm’s price target on Criteo to $37 from $36 and keeps an Overweight rating on the shares ahead of quarterly results and as the firm believes underlying fundamentals are fine. While KeyBanc thinks the delay in third-party cookie deprecation is a clear positive, it notes weakness in the Euro and Japanese Yen create headwinds. KeyBanc does not believe this should materially change annual financials, but does acknowledge this could create softer Q2 guidance.
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